Industry Groups Seeks ESMA Support For Data Projects
By Anish Puaar
Published December 6 2011 The Trade
Two industry working groups attempting to harmonise data standards in Europe are seeking support from securities watchdog the European Securities and Markets Authority (ESMA) to ensure their projects are completed ahead of MiFID II implementation. During a meeting held last week, trade body the Federation of European Securities Exchanges (FESE) and financial messaging standards body FIX Protocol (FPL) recommended that ESMA provide its views – possibly by way of formal guidance – on initiatives aimed at harmonising exchange flags used to tag trades and the identifiers used for different types of OTC transactions.
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